The collapse of Silicon Valley Bank (SVB) has sent shockwaves through financial and tech circles.
On Friday, United States regulators seized the assets of the Santa Clara, California-based bank after depositors began withdrawing funds en masse amid fears over the lender’s financial health.
Since then, financial regulators around the world have raced to contain the fallout of SVB’s collapse, the biggest bank failure in the US since 2008, and shore up confidence in the global financial system.
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